Alhaji Aliko Dangote richest man in africa
In the midst of the pandemic, Aliko Dangote has remained strong as one of the richest people in Africa. FILE PHOTO

For quite some time, a pandemic has affected the world, but the richest people in Africa, led by Aliko Dangote, remain strong despite all odds.

The pandemic has plagued the world for quite a while, however, the richest people of Africa led by Aliko Dangote have remained strong in their game. 

These business-savvy individuals have managed to make opportunities despite the challenges at hand. The top 20 richest people in Africa are quite an interesting bunch.

Their fields of expertise are different. But their leadership and entrepreneurial spirit are worth noting as the reason for their outstanding success. Curious who made it to the 2021 list? Read on and find out.

Alhaji Aliko Dangote (Nigeria) – Net worth $12.1 Billion

Alhaji Aliko Dangote is the top richest man in Africa, his main business product is cement. This prosperous Nigerian is the founder and chairman of Dangote Cement. 

This company is open to public trading, though Dangote owns 85% of the stocks. Even with the pandemic, the cement demand has increased by 40%. This number shows greater opportunities for this magnate.

Besides the cement business, Dangote also invested in different industries. His portfolio includes manufacturing basic items like sugar, salt, and flour. The business tycoon is also preparing to enter the oil refinery business. 

At the moment Dangote is building a huge facility for this venture. It is expected to be one of the biggest oil refineries when construction is done.

Nassef Sawiris (Egypt)- Net Worth $8.5 Billion

Nassef Sawiris richest man in africa

Nassef Sawiris may be the second richest man in Africa, but in his home country of Egypt, he is at the top. Nassef Sawiris comes from a very affluent family. This University of Chicago alumni has two lucrative companies. 

First is OCI, which has manufacturing plants in Texas and Iowa. The main product of this entity is nitrogen fertilizers. OIC is the largest of its kind in the world.

Second is Orascom Construction whose main business is about engineering and construction. He also has shares in other reputable foreign companies. Examples are Lafarge Holcim a Swiss cement maker and the top German sports brand Adidas.

Nicholas F. Oppenheimer (South Africa)- Net Worth $8 Billion

Oppenheimer africa

Nicholas F. Oppenheimer comes in third place as one of the richest people in Africa. Coincidentally he is also the third-generation representative to manage the De Beers diamond mining company.

He was also in charge of the subsidiary of the Diamond Trading Company. Oppenheimer gained a large fortune after selling his family’s 40% shares in De Beers. 

He sold it to the company named Anglo American for $5.1 billion in 2012. He also owns an aviation service company named Fireblade Aviation. This Johannesburg-based firm offers charted flights.

Nicholas F. Oppenheimer gives back to the community by supporting environmental conservation causes. One of his biggest projects was the establishment of the Diamond Route

This idea’s purpose was to promote ecotourism and general tourism to its affected areas.

Johan Rupert (South Africa)- Net Worth $7.2 Billion 

Johan Rupert richest

Johann Rupert is the second South African on the list. His main business is inclined toward fashion and other luxury goods. 

He is the chairman of Swiss luxury items firm named Compagnie Financiere Richemont. One brand affiliated with this company is Montblanc a German manufacturer of various products. Another is the French jeweller and watchmaker firm Cartier.

He has a diversified investment portfolio. It includes shares in Remgro, an investment firm. Rupert also has stakes in an investment holding company called Reinet. 

He is also part owner of Anthonij Rupert Wines and the English Rugby team the Saracens.

Mike Adenuga (Nigeria)- Net worth $6.3 Billion 

Mike Adenuga africa

Born as Michael Adeniyi Agbolade Ishola Adenuga, he is fifth on the list. But in his home country, he comes in as the second. This man came from humble beginnings. 

After his studies at Pace University in New York, he made his first million distributing soft drinks and selling lace. Now he is both an oil and telecom tycoon. 

His established brand Globacom is the third largest communications network provider in Nigeria. It is reported to have 55 million active subscribers.

His established oil company Conoil Producing has six active oil blocks by the Niger Delta. This influential African has received honours like a Yoruba tribal chieftain status. Adenuga is the Otunba Apesin of a clan called Ijebu. 

In Nigeria, the government made him the Grand Commander of the Order of Niger. He was also given the insignia of a Commander of the Legion of Honour. 

It was bestowed on him by French President Emmanuel Macron in 2018.

Abdulsamad Rabiu (Nigeria)- Net worth 5.5 Billion 

Abdulsamad Rabiu africa

Abdulsamad Rabiu is a Nigerian businessman who has a lot of diversified investments. He owns Obu Cement company and merges it with cement Co. of Northern Nigeria. 

As one company it is named BUA Cement Plc, as of 2020, it is now listed on the Nigerian Stock Exchange. Its amazing market capitalization is worth $3.3 Billion. It is the second-largest cement manufacturer in Nigeria.

Rabiu is also the founder and Chairman of another company which is named BUA International limited. This business focuses on food, mining, and infrastructure. 

The products that are listed in ventures are imported rice, flour, edible oil, iron, and steel. He also has a real estate company named BUA Estates. 

Another one of his numerous businesses is a logistic company called BUA ports & terminals.

Issad Rebrab (Algeria)- Net worth $4.8 Billion 

Issad Rebrab africa

Issad Rebrab in his home country of Algeria is the wealthiest. He is technically the country’s first billionaire. It also makes him one of the richest in Africa. 

He is the founder and Chairman of Cevital. It is the largest private company in Algeria. This prestigious venture is the parent company of many European brands. 

It consists of Groupe Brandt, a French home appliances manufacturer, a German water purification firm, and an Italian steel mill.

Rebrab is also the owner of a big sugar refinery. The capacity of his facility can produce 1.5 million tons of sugar in a year. He also has a subsidiary names Samha which is the sole distributor of Samsung products in Algeria. 

Another venture is Cervicar, a car rental company that is the sole agent of Europcar.

Naguib Sawiris (Egypt) -Net worth $3.2 Billion 

Naguib Sawiris

Naguib Sawiris is another wealthy Egyptian heir on the list. He is the Executive Chairman of Orascom Telecom Holding S.A.E. (OTH). This company is a competitive Telecom player. 

It is due to Naguib’s efforts to build the information technology and telecommunications sectors of this venture. 

He also has stakes in the Weather Investment’s parent company. He serves as chairman of this institution.

One of his other businesses is a media company. He has a company called Media Globe Holdings. This entity owns a large part of Pan-European pay-TV and video news network Euronews. 

The number of his stakes is reported to be approximately 88%. This rich man is also a proud owner of a luxurious resort in the Caribbean. The establishment’s name is Silversands which is located on the island of Grenada.

Patrice Motsepe (South Africa) -Net worth $3 Billion 

Patrice Motsepe

Patrice Motsepe is a business tycoon who is the founder and chairman of African Rainbow Minerals. 

Motsepe has received the honour to be the first black African to be recognized on the Forbes list. He became one of the top richest men in Africa in 2008.

He also owns a private equity firm called African Rainbow Capital. This company aims to create value for the stakeholders and contribute to the lives of the common people of South Africa. 

He also shares in the financial service firm named Sanlam. It is the biggest insurance company in South Africa. Motsepe is also the owner and president of the Mamelodi Sundowns Football Club.

Koos Bekker (South Africa) – Net worth $2.8 Billion 

Koos Bekker

Jacobus Petrus “Koos” Bekker is the proud chairman of Naspers, a South African newspaper publisher. Under his tutelage, Naspers invested in Tencent a Chinese internet and media firm. 

The initial stake at this small start-up then was 46.5% and the equivalent of $32 million. He claims that is just a stroke of luck, but fast-forward to now, he still holds 30% of Tencent shares. 

He then transformed Naspers to be an e-commerce investor and a leader in cable TV. Naspers not only services Africa, but they also cater to Europe, Latin America, China, Russia, India, and other smaller countries.

He also made another investment with a Dutch company called Prosus. It is an internet consumer company that offers services in fintech, e-commerce, food delivery, retail, EdTech, mobility, and travel.

Mohamed Mansour (Egypt)- Net worth $2.5 Billion 

Mohamed Mansour is the main man of Mansour Group. This diversified company was established in 1952 by his father. 

This business is the largest distributor of General Motors all over the world. It was a feat Mohamed conquered in 1975. 

The company also has distribution rights for Caterpillar equipment. They exclusively distribute it in Egypt plus seven other African countries. Chevrolet and Marlboro are other brands that they distribute.

Aziz Akhannouch (Morocco)- Net worth $2 Billion 

Aziz Akhannouch

Aziz Akhannouch is the wealthiest man in all of Morocco. This gives him a secure spot as one of the richest in Africa. 

His main asset is that he owns a large part of Akwa Group. It is a conglomerate that has a multi-billion dollar value. This business was established through the partnership of his Father and Ahmed Wakrim. 

The company’s ventures are in petroleum, gas, and chemicals. The chemical products are publicly traded through Afriquia Gaz and Maghreb Oxygene.

Isabel dos Santos (Angola)- Net worth $2 Billion 

Isabel dos Santos (1)

Isabel dos Santos is a businesswoman from Angola. The number displayed, which is $2 Billion was Forbes’s estimation before her assets were frozen in January 2021. 

She is placed last on the list since her net worth is subject to recomputation. Her wealth is due to diversified investments in Angola. 

Most of it is from banks and the telecom sector. She also has shares in foreign companies. One of her popular stakes is in Portugal’s telecom industry and cable television.

Isabel Dos Santos is currently exiled in Portugal and is continuously being prosecuted by the Angolan government. All her assets in Angola, Portugal, and the Netherlands are frozen during this proceeding.

Mohammed Dewji (Tanzania)- Net worth $1.6 Billion 

Mohammed Dewji tanzania billionaire

Mohammed Dewji is the most well-off man in all of Tanzania. This tycoon is the CEO of MeTL, a huge conglomerate that was founded in the 1970s by his father. 

The main products of the company comprise flour milling, edible oils, beverages, and textile making. The conglomerate actively operates in at least six African countries.

Youssef Mansour (Egypt)- Net worth $1.5 Billion 

Youssef Mansour

Youssef Mansour is the brother of Mohamed Mansour. Like his sibling, he is also an Egyptian billionaire that has chairmanship over Mansour Group. 

He is in charge of the company’s consumer goods department. Under this division is the biggest Egyptian supermarket chain Metro. 

Youssef also handles the exclusive distribution of the French beauty brand L’Oreal in Egypt.

Othman Benjelloun (Morocco)- Net worth $1.3 Billion 

Othman Benjelloun

Othman Benjelloun is the CEO of BMCE Bank of Africa. This large bank actively operates in more than twenty countries in Africa. 

His father was a shareholder in a Moroccan insurance company named RMA. Through his efforts, RMA became a leading company in its field of service. He also has a holding company named FinanceCom. 

His foreign investments include shares from the French Telecom-based business called Orange. His stakes are from the Moroccan arm of the said company.

Michiel Le Roux (South Africa) – Net worth $1.2 Billion 

Michiel Le Roux

Michiel Le Roux is another rich South African billionaire on the list. He is the founder of Capitec Bank and has about 11% shares owned in this entity. 

The Capitec Bank is listed on the Johannesburg Stock Exchange. The target of their trade is the rising middle class in the country. 

Though he has stepped down as chairman of Capitec Bank, he continues to support it by being a board member.

Strive Masiyiwa (Zimbabwe)- Net worth $1.2 Billion 

Strive Masiyiwa richest man

Strive Masiyiwa is the wealthiest man in the country of Zimbabwe. This status has managed to include him in the richest people in Africa list. 

Masiyiwa is the founder of Econet Wireless Zimbabwe. It is a mobile phone network service provider. He owns approximately more than 50% of the shares of the publicly-traded company. 

He is reported to have shares in other mobile network service providers in other African countries like Burundi and Lesotho.

He also has assets in another telecom company named Liquid Telecom. This entity is a private company. He owns almost half of it. Liquid Telecom focuses on providing satellite and fibre-optic services all over Africa. 

He also invested in African fintech services and power distribution companies.

Yasseen Mansour (Egypt)-Net worth $1.1 Billion 

Yasseen Mansour

Yasseen Mansour is the third Mansour from Egypt to be included in the richest in Africa list. Like his brothers Mohamed and Youssef, he is a shareholder of the big family-owned conglomerate Mansour Group. 

Yasseen is credited to be the founder of Manfoods. This division is the owner and operator of all Mcdonald’s franchises in Egypt.

He is also the chairman of Mansour Group’s real estate developers. The company is called Palm Hills Developments and is the largest of its kind in the country. Yasseen Mansour is also a generous soul. 

As a philanthropist, he is the co-founder and member of Lead Foundation, an environmental conservation group. He is also a board member of the National Cancer Institute and serves as a Secretary-General for the Future Foundation.

Folorunsho Alakija (Nigeria) – Net worth $1 Billion 

Folorunsho Alakija Nigeria

Folorunso Alakija is a Nigerian businesswoman whose expertise is in the fashion industry. She is the owner of the fashion brand, Rose of Sharon House of Fashion. This company is a household name in her home country.

She is the national president and Trustee of the Fashion Designers Association of Nigeria (FADAN). Alakija is recognized as a fashion icon who is actively promoting Nigerian culture to the world. 

Besides her business, she is also the Executive Vice Chairman of FAMFA Oil Limited. She is involved with strategic planning and administration. 

Another duty on her shoulders is being the Executive Vice Chairman of Dayspring Property Development Company Limited. It is a real estate company whose headquarter is in Lagos, Nigeria.